"It's nice to see a posting by someone who has the ability to communicate the truth i.e. call a spade a spade."
Now that's just classic - so now we are saying extreme views/conditions are the future reality. I have said it before given some of the views you guys have it is a wonder you can get out of bed in the morning given the depressing views of life you project. At the end of the day anything is possible even 40%+ falls in the property market - but the reality is given current economic conditions in Australia it is still unlikely.